PNC Bank: Difference between revisions

From Bhamwiki
Jump to navigation Jump to search
No edit summary
 
(4 intermediate revisions by the same user not shown)
Line 1: Line 1:
'''PNC Bank''' is the banking division of The PNC Financial Services Group, a Pittsburgh, Pennsylvania-based company which entered the [[Birmingham]] market through acquisitions. Its Northern and Central Alabama division operates from administrative offices on the 9th floor of [[One Federal Place]], having relocated in [[2020]] from the [[Woodward Building]]. [[Nick Willis]] was named the regional division president in [[2017]].
'''PNC Bank''' is the banking division of the '''PNC Financial Services Group''', a Pittsburgh, Pennsylvania-based company which entered the [[Birmingham]] market through acquisitions. Its Northern and Central Alabama division operates from administrative offices on the 9th floor of [[One Federal Place]], having relocated in [[2020]] from the [[Woodward Building]]. [[Nick Willis]] was named the regional division president in [[2017]].


In [[2011]] PNC Bank acquired [[RBC Bank]], the Raleigh, North Carolina-based US subsidiary of the Royal Bank of Canada for $3.62 billion. RBC Bank had bought branches in [[Tuscaloosa]], Huntsville and Mobile out of the [[2006]] [[AmSouth Bank|AmSouth]]/[[Regions Bank|Regions]] merger, and had acquired [[Alabama National BanCorp]]'s former [[First American Bank]], a successor to the original [[National Bank of Commerce]].
In [[2011]] PNC Bank acquired [[RBC Bank]], the Raleigh, North Carolina-based US subsidiary of the Royal Bank of Canada for $3.62 billion. RBC Bank had bought branches in [[Tuscaloosa]], Huntsville and Mobile out of the [[2006]] [[AmSouth Bank|AmSouth]]/[[Regions Bank|Regions]] merger, and had acquired [[Alabama National BanCorp]]'s former [[First American Bank]], a successor to the original [[National Bank of Commerce]].
Line 6: Line 6:


PNC Bank announced that it would add the Brock Service Center in Birmingham to its cadre of "technology centers" to help serve its growing regional presence. BBVA accounts were transitioned to PNC Bank by October 2021. Prior to the transition, PNC announced that it was raising its minimum wage from $15 to $18 per hour.
PNC Bank announced that it would add the Brock Service Center in Birmingham to its cadre of "technology centers" to help serve its growing regional presence. BBVA accounts were transitioned to PNC Bank by October 2021. Prior to the transition, PNC announced that it was raising its minimum wage from $15 to $18 per hour.
In [[2023]] PNC Financial Services Group made a bid to acquire the failed First Republic Bank of San Francisco, California at auction from the FDIC. JPMorgan Chase and Co. submitted the winning bid.
==Locations==
* current locations
** 707 [[Richard Arrington Jr Boulevard South]], [[Five Points South]]
** 1908 [[29th Avenue South Homewood]], [[Homewood]]
** [[One Federal Place]], 1819 [[5th Avenue North]], [[Downtown Birmingham]]
** 198 [[Green Springs Highway]], [[Homewood]]
** 505 [[20th Street North]], [[Downtown Birmingham]]
** 1668 [[Montclair Road]], [[Eastwood]]
** 201 [[Gate Farm Parkway]], [[Wildwood]]
** 89 [[Euclid Avenue]], [[Crestline Village]]
** 1611 [[Montgomery Highway (Hoover)|Montgomery Highway]], [[Hoover]]
** 1789 [[Montgomery Highway (Hoover)|Montgomery Highway]], [[Riverchase]]
** 5576 [[Grove Boulevard]], [[Hoover]]
** 3501 [[Roosevelt Boulevard]], [[Tutwiler Farm]]
** 105 [[Doug Baker Boulevard]], [[Lee Branch]]
** 104 [[Inverness Plaza]], [[Inverness]]
** 1916 [[Veterans Memorial Drive]], [[Forestdale]]
** 1151 [[Bankhead Highway]], [[Westgate]]
** 3960 [[Crosshaven Drive]], [[Cahaba Heights]]
** 7925 [[Parkway Drive]], [[Leeds]]
** 3080 [[Pelham Parkway]], [[Pelham]]
** 10745 [[Alabama State Highway 119]], [[Alabaster]]
** 801 [[Noble Street]], [[Anniston]]
** 199 [[Bessemer Super Highway]], [[Midfield]]
** 1719 [[4th Avenue North Bessemer|4th Avenue North]], [[Bessemer]]
** 3059 [[Allison Bonnet Memorial Drive]], [[Hueytown]]
** 1713 Alabama Avenue, [[Jasper]]
** 1715 2nd Avenue Southwest, [[Cullman]]
** 308 Martin Street North, [[Pell City]]
** 6384 [[U.S. Highway 11]], [[Springville]]
** 409 Battle Street East, [[Talladega]]
** 601 Broad Street, [[Gadsden]]
** 720 Quintard Drive, [[Oxford]]
** 2390 [[McFarland Boulevard]], [[Tuscaloosa]]
** 630 [[University Boulevard (Tuscaloosa)|University Boulevard]], [[Tuscaloosa]]
** 3076 [[McFarland Boulevard]], [[Northport]]
** 300 2nd Avenue East, [[Oneonta]]
** 100 5th Street East, [[Warrior]]
** 102 West Rosa Parks Avenue, [[Tuskegee]]
* former locations
** 2720 [[John Hawkins Parkway]], [[Hoover Promenade]], [[Hoover]] (2015–2021)
** 9648 [[Parkway East]], [[Roebuck neighborhood|Roebuck]] (closed July 2023)
** 5576 [[Grove Boulevard]], [[The Grove]], [[Gardendale]] (closed July 2023)


== References ==
== References ==
Line 16: Line 62:
* Coker, Angel (July 20, 2021) "PNC to close, consolidate additional branches related to BBVA USA acquisition." {{BBJ}}
* Coker, Angel (July 20, 2021) "PNC to close, consolidate additional branches related to BBVA USA acquisition." {{BBJ}}
* Thornton, William (August 30, 2021) "PNC boosting minimum pay to $18 an hour." {{BN}}
* Thornton, William (August 30, 2021) "PNC boosting minimum pay to $18 an hour." {{BN}}
* Tascarella, Patty (April 28, 2023) "PNC closing 30 more branches nationwide, including two in metro area." ''Pittsburgh Business Times'' / {{BBJ}}
* Thornton, William (May 1, 2023) "PNC Bank reportedly tried to buy failed First Republic Bank in FDIC auction." {{AL}}


==External links==
==External links==

Latest revision as of 16:04, 4 January 2024

PNC Bank is the banking division of the PNC Financial Services Group, a Pittsburgh, Pennsylvania-based company which entered the Birmingham market through acquisitions. Its Northern and Central Alabama division operates from administrative offices on the 9th floor of One Federal Place, having relocated in 2020 from the Woodward Building. Nick Willis was named the regional division president in 2017.

In 2011 PNC Bank acquired RBC Bank, the Raleigh, North Carolina-based US subsidiary of the Royal Bank of Canada for $3.62 billion. RBC Bank had bought branches in Tuscaloosa, Huntsville and Mobile out of the 2006 AmSouth/Regions merger, and had acquired Alabama National BanCorp's former First American Bank, a successor to the original National Bank of Commerce.

In June 2021, PNC Bank acquired BBVA, the Houston, Texas-based US division of Spain's Banco Bilbao Vizcaya Argentaria for $11.6 billion. BBVA had purchased Birmingham's Compass Bank in 2007 and initially used Birmingham as the headquarters of its US operations. The bank maintained significant administrative and technical operations in Birmingham, split between the Daniel Building and the Harry B. Brock Administrative Center in Lakeview. With the acquisition, PNC became the 5th largest bank in the United States with $560 billion in assets.

PNC Bank announced that it would add the Brock Service Center in Birmingham to its cadre of "technology centers" to help serve its growing regional presence. BBVA accounts were transitioned to PNC Bank by October 2021. Prior to the transition, PNC announced that it was raising its minimum wage from $15 to $18 per hour.

In 2023 PNC Financial Services Group made a bid to acquire the failed First Republic Bank of San Francisco, California at auction from the FDIC. JPMorgan Chase and Co. submitted the winning bid.

Locations

References

  • Coker, Angel (July 29, 2019) "PNC to relocate Alabama regional headquarters." Birmingham Business Journal
  • Coker, Angel (February 14, 2020) "PNC Alabama leader on new HQ, branches and more." Birmingham Business Journal
  • "PNC to buy BBVA's U.S. operations for $11.6B." (November 16, 2020) Birmingham Business Journal
  • Thornton, William (November 17, 2020) "What does PNC’s acquisition of BBVA mean for Birmingham." The Birmingham News
  • Thornton, William (June 2, 2021) "PNC completes $11.6 billion acquisition of BBVA, announces Alabama leadership." The Birmingham News
  • Thornton, William (June 3, 2021) 'PNC’s new Alabama regional president: What $11.6 billion BBVA merger means for Birmingham." The Birmingham News
  • Coker, Angel (July 20, 2021) "PNC to close, consolidate additional branches related to BBVA USA acquisition." Birmingham Business Journal
  • Thornton, William (August 30, 2021) "PNC boosting minimum pay to $18 an hour." The Birmingham News
  • Tascarella, Patty (April 28, 2023) "PNC closing 30 more branches nationwide, including two in metro area." Pittsburgh Business Times / Birmingham Business Journal
  • Thornton, William (May 1, 2023) "PNC Bank reportedly tried to buy failed First Republic Bank in FDIC auction." AL.com

External links

Retrieved from "http://bhamwiki.com/w/index.php?title=PNC_Bank&oldid=210948"